๐ Olectra Share Price Surges by 0.51% to Rs. 1,261.50 in Wednesday’s Trading Session
The stock of Olectra Greentech Company traded at Rs. 1,261.50 with a gain of 0.51% in Wednesday’s trading session. On a year-to-date basis, the company’s shares have provided a return of 143.51% to its investors.
๐ Hydrogen Bus Orders and Commercial Partnership Boost Olectra’s Shares
Over the past few months, Olectra Greentech has received several significant orders for hydrogen buses and has entered into a commercial partnership with Reliance Industries. These developments have contributed to the increase in the company’s share price.
๐ Olectra Share Price Currently Trading 13.89% Below its 52-Week High
However, the share price of Olectra Greentech is currently trading 13.89% below its 52-week high of Rs. 1,465. As of Thursday, December 28, 2023, the company’s share price was trading at Rs. 1,250.80, reflecting a decline of 0.18%.
๐ Friday’s Trading Session Witnesses a 6.51% Surge in Olectra’s Share Price
On Friday, December 29, 2023, Olectra Greentech’s share price witnessed a significant surge of 6.51%, reaching Rs. 1,328. This positive momentum indicates the potential for further growth in the company’s shares.
๐ Olectra Share Price Shows Strong Support at Rs. 1,200
Market experts suggest that Olectra Greentech’s share price is currently experiencing strong support at Rs. 1,200. To witness a substantial increase in share price, the stock would need to surpass the Rs. 1,345 mark.
๐ Olectra Greentech’s Shares Reach Rs. 1,400 in the Current Calendar Year
During the current calendar year, Olectra Greentech’s share price has surged from Rs. 400 to Rs. 1,400. If the stock remains within the range of Rs. 1,300-1,320, there is a possibility of further growth.
๐ผ Prabhudas Lilladher Sets Target Price at Rs. 1,315 and Stop Loss at Rs. 1,237
Leading firm Prabhudas Lilladher has set a target price of Rs. 1,315 and a stop loss of Rs. 1,237 for Olectra Greentech’s shares. The stock is currently finding strong support at Rs. 1,225 and is offering strong resistance at Rs. 1,300.
๐ Olectra Greentech’s Share Price Indicating Mild Upside Potential
The daily chart of Olectra Greentech’s share price suggests a mild upside potential. The stock is currently showing strong resistance at Rs. 1,345. It is also trading based on moving averages of 5, 10, 20, 30, 50, 100, 150, and 200 days.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
